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Euro Poised to Test Yearly High, British Pound to Hold Broad Range

Posted 12-01-2009 at 08:39 AM by DailyFX

The Euro rallied against the greenback for the second day to reach a high of 1.5084, and the single-currency looks poised to test the yearly high at 1.5146 as the economic docket reinforces an improved outlook for future growth.

Talking Points
• Japanese Yen: BoJ Holds at 0.10%, Offers JPY 10T in New Lending
• Pound: U.K. Manufacturing Expands at Slower Pace
• Euro: Unemployment Rate Hits 11-Year High
• US Dollar: ISM Manufacturing, Construction...
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